NYSE:GM   General Motors Company
Sunday, 31 January 2021
19:27 PM (WIB)


President Joe Biden has ordered the federal government to buy electric vehicles made in America with union labor. To be sure, Biden’s executive order, issued Wednesday, is designed to spur investment in the nascent plug-in car market and didn’t come with a deadline. So there’s time for automakers to adjust. Two of them -- General Motors Co. and Nissan Motor Co. -- announced commitments this week to produce carbon-neutral fleets in coming decades. Ford Motor Co. has previously pledged to become carbon neutral by 2050. And with a U.S. government fleet of 645,000 vehicles -- only 3,200 of which are electric -- there’s plenty of incentive.

Biden’s push could also help drive more domestic electric vehicle -- or EV -- manufacturing overall, given the scale of the government’s annual vehicle acquisitions, said Sam Ori, executive director of the Energy Policy Institute at the University of Chicago. “The federal government acquires 50,000 to 60,000 new vehicles a year, and, in an EV market where you’re looking at 300,000 to 350,000 units a year, an additional several tens of thousands could have an impact for manufacturers,” Ori said.

For further details information below:
www.gm.com/
www.iea.org/
uaw.org/

Music background by The Beatles "Drive My Car"
www.youtube.com/watch?v=kfSQkZuI...


Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
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